On March 25, 2025, Pi Network (PI) took a 5% hit, dropping to $0.90 as the broader cryptocurrency market shed 2.5% over the past 24 hours. This latest dip caps a brutal stretch for the altcoin, with a 19% decline in the last week and a 37% fall over the past month. Since hitting an all-time high (ATH) of $2.99 on February 26, PI has plummeted 70%, fueling fears of a terminal decline. Yet, amid the gloom, some analysts spot a silver lining, predicting a potential bounce-back driven by a rare bullish pattern. Could Pi Network be on the verge of a dramatic recovery, or is it spiraling toward irrelevance? Here’s the latest.
The numbers paint a grim picture for Pi Network. From its February peak of $2.99, PI has lost over two-thirds of its value, with today’s drop to $0.90 marking a new low point. The past month has been particularly punishing: a one-week slide of 19% followed a steeper 37% monthly decline. The token hit a one-month trough of $0.8663 on March 21, and despite a slight uptick, it’s failed to regain momentum. This comes against a backdrop of a sluggish crypto market, down 2.5% since yesterday, amplifying PI’s woes.
The lack of positive catalysts since its mainnet launch in late February has left PI vulnerable. A hoped-for listing on Binance, backed by a community vote, has yet to materialize, stifling growth. Without major exchange support or fresh developments, sentiment has soured, as reflected in PI’s oversold technical indicators on TradingView.
Despite the downturn, some analysts see hope. On March 24, analyst Coinvo posted on X about a “three-drive pattern” in PI’s chart, suggesting it “could be what sends $PI to new highs!” This pattern, characterized by three successive lows followed by rallies, has played out twice in the past month. After hitting short-term bottoms, PI rebounded modestly—once within two days, once in three. Now, four days after the March 21 low of $0.8663, Coinvo predicts a third bounce could be imminent, potentially sparking a sharp recovery if history repeats.
However, the clock is ticking. The prior rebounds occurred swiftly, and with four days elapsed, PI’s window may be closing. Without a catalyst—like a Binance listing—the rally could fizzle, leaving the token mired in its current funk.
PI’s price chart on TradingView tells a tale of persistent weakness. The Relative Strength Index (RSI, purple) has languished below 50 for nearly two weeks, dipping below 30 twice in the past week—a hallmark of oversold conditions. Yet, no recovery has followed. The 30-period moving average (orange) continues to sink further below the 200-period average (blue), signaling a entrenched downtrend. These metrics paint PI as a coin in distress, with bearish momentum showing no signs of abating absent a major shift in market sentiment or fundamentals.
Since its mainnet went live late last month, Pi Network has struggled to generate positive headlines. The absence of a Binance listing, despite community support, remains a glaring roadblock. In a market where visibility on top exchanges drives liquidity and adoption, PI’s exclusion has left it sidelined. Coupled with broader market headwinds—Bitcoin’s $95,000 plateau hasn’t lifted altcoins—this lack of momentum suggests PI could slide further, with analysts eyeing $0.80 next week and $0.75 by April’s end if conditions don’t improve.